In 2017, North America accounted for 35.9% share in the global medical waste management market.

HYDERABAD, TELANGANA, INDIA, August 6, 2018 /EINPresswire.com/ -- According to the new market research report by IndustryARC titled “Global Medical Waste Management Market: (2018-2023)”, the market is driven by the growth of hospital sector.

North America to have a major share in the Medical Waste Management Substrates Market

In 2017, North America accounted for 35.9% share in the global medical waste management market. Hospitals occupy major market share due to the amount of waste it generates per day. Though there are not many hospitals in the U.S. as compared to other countries, the amount that the U.S. hospital produces waste per bed and per day is very high. This is mainly responsible for the highest share in the overall market.
The North American countries have very strict regulations of handling medical waste and cost of handling the medical waste is also high in these countries. On average, hospitals generate more than 5 million tons of waste each year. This is mainly responsible for numerous companies coming into the market and driving the growth. Medical waste treatment and waste disposal are part of a multibillion dollar industry; however, most hospitals are unaware of the large amounts of waste they generate, or how much they spend annually on disposal or the environmental impacts that are created with the disposal.

Selected / Sample Analysis done in the full Report:

The disposal requirement in management is to safeguard the safety of workstation and maintain healthy life style. It will efficiently decrease legal liability by ensuring the safety of workplace, reducing the health risk to community, patient's health, and personnel. Municipal landfill and sanitary sewer systems are used for final disposal of solid waste as they are adhered to the regulations for collecting, storing, transporting, and treating their waste. The local municipal landfill is generally used as the final place of treated purified biomedical waste. For liquids for example blood, secretions, excretions, and suctioned fluids, nearly every local and state government have their own guidelines and regulations to provide the best dispose. There are two optional ways to treat medical waste fluids, i.e. by collecting fluids in a leak proof container, and solidified for autoclave treatment, autoclave fluids then can be disposed into the sanitary sewer system. Medical waste management market is projected to grow at a rate of 5.4% in the forecast period.

In 2018, global medical waste management demand is expected to grow by 5.8%, due to flattering global economic development and the rise in healthcare facilities and aging population.

Globally, the healthcare facilities are increasing at a steady rate by the rise in number of hospitals, outpatient offices, testing laboratories, veterinary centers, dental clinics and pharmaceuticals by generating high amount of medical wastes every year which has triggered the market growth.

To ensure safety related to health from hazardous wastes, governments of various countries are regulating proper handling and disposal methods. These regulatory authorities are imposing tax on healthcare facilities on violation of the regulations pertaining to medical waste. These regulations drive healthcare facilities to manage their medical wastes effectively.

Veolia is world’s leading players in medical waste management market, accounted for 29% of the global market share of medical waste management market. On April 2017, Veolia, through its subsidiary Veolia ES UK Ltd - leader in resource management in the UK, won a major contract in London for recycling and waste management services in the four southern districts of the city. Also had an acquisition on February 2014, issued a press release regarding the acquisition of its subsidiary, Sarp Industries, of an incinerator for special waste in Constanti, Spain.

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.

We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Founded in 1995, EIN News is an international leader in real-time news tracking and digital information services. Our systems continuously scan the web, indexing news from thousands of worldwide sources. The data is then filtered and organized into news streams. The process is supervised by a team of professional news editors.

We are news professionals and technologists dedicated to producing the fastest and most comprehensive news streams on the planet. We are committed to providing our members with the highest quality software tools and resources available.